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Gold/Mining/Energy : primero resources v.pmi

PMI 1.663

-1.0%

Jan 12 3:59 PM EST

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To: jerry janko who wrote ()	3/25/1998 9:02:00 PM
From: jerry janko	of 71

From: newsout@canada-stockwatch.com Date: Wed, 25 Mar 1998 14:35:12 -0800 Subject: Stockwatch: Primero Industries Ltd - Private Placement To: ajanko@erinet.com 1.7m special warrants at $0.15 Primero Industries Ltd PMI Shares issued 9,286,448 Mar 23 close $0.16 Wed 25 Mar 98 Private Placement The VSE has accepted for filing a brokered private placement of 1,700,000 special warrants at $0.15. Each special warrant is exchangeable, at no additional cost, into one share and one warrant to purchase one additional share at $0.15 in the first year and at $0.18 in the second. Placees: Oracle Investments (Joshua D. Goldman) 1,000,000; and Irish Tyndall Trading (Nevis American Trust Co) 700,000 Agent: C.M. Oliver and Company Commission: The agent will receive a cash commission of 10% on the proceeds of the sale of the special warrants. The agent will also receive a special B warrant exercisable into warrants for 12 months at $0.15 per share. The number of warrants will be equal to 20% of the special warrants sold. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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